Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2008
In 2008, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 615 mortgage applications totaling $203.7 million, up 47% from 2007. The average application was for $331,175, and applicants reported an average income of $191,982. 76% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (592), Bethesda-Frederick-Gaithersburg, MD (5) and Baltimore-Towson, MD (3) (applications in parentheses).
| Mortgage Company & Address | Burke & Herbert Bk & Tr Co 100 S. Fairfax St Alexandria, VA 22315 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 615 |
| Total Mortgage Loan Application Amount | $203,673,000 |
| Average Mortgage Loan Application Amount | $331,175 |
| Highest Mortgage Loan Application Amount | $6,175,000 |
| Average Applicant Income | $191,982 |
| Highest Applicant Income | $3,900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fairfax, Virginia | 264 | $ 88,983,000 | $ 337,056 | $ 183,000 |
| Alexandria, Virginia | 164 | $ 55,563,000 | $ 338,798 | $ 187,000 |
| Arlington, Virginia | 52 | $ 20,562,000 | $ 395,423 | $ 350,000 |
| Prince William, Virginia | 46 | $ 7,870,000 | $ 171,086 | $ 124,000 |
| District of Columbia, District Of Columbia | 21 | $ 10,540,000 | $ 501,904 | $ 197,000 |
| Manassas, Virginia | 7 | $ 637,000 | $ 91,000 | $ 89,000 |
| Prince George's, Maryland | 6 | $ 1,753,000 | $ 292,166 | $ 70,000 |
| Loudoun, Virginia | 6 | $ 1,595,000 | $ 265,833 | $ 180,000 |
| Montgomery, Maryland | 5 | $ 3,365,000 | $ 673,000 | $ 171,000 |
| Fredericksburg, Virginia | 5 | $ 1,575,000 | $ 315,000 | $ 313,000 |
| Spotsylvania, Virginia | 5 | $ 912,000 | $ 182,400 | $ 92,000 |
| Fairfax City, Virginia | 4 | $ 1,222,000 | $ 305,500 | $ 57,000 |
| Falls Church, Virginia | 4 | $ 1,442,000 | $ 360,500 | $ 92,000 |
| Baltimore City, Maryland | 2 | $ 953,000 | $ 476,500 | $ 0 |
| Talbot, Maryland | 2 | $ 1,004,000 | $ 502,000 | $ 769,000 |
| Manassas Park, Virginia | 2 | $ 236,000 | $ 118,000 | $ 180,000 |
| Stafford, Virginia | 2 | $ 619,000 | $ 309,500 | $ 82,000 |
| Warren, Virginia | 2 | $ 87,000 | $ 43,500 | $ 251,000 |
| Westmoreland, Virginia | 2 | $ 401,000 | $ 200,500 | $ 183,000 |
| Anne Arundel, Maryland | 1 | $ 736,000 | $ 736,000 | $ 675,000 |
| Charles, Maryland | 1 | $ 174,000 | $ 174,000 | $ 0 |
| Atlantic, New Jersey | 1 | $ 650,000 | $ 650,000 | $ 0 |
| Kings, New York | 1 | $ 618,000 | $ 618,000 | $ 75,000 |
| Horry, South Carolina | 1 | $ 180,000 | $ 180,000 | $ 87,000 |
| Culpeper, Virginia | 1 | $ 30,000 | $ 30,000 | $ 114,000 |
| Frederick, Virginia | 1 | $ 900,000 | $ 900,000 | $ 250,000 |
| Henrico, Virginia | 1 | $ 191,000 | $ 191,000 | $ 232,000 |
| King George, Virginia | 1 | $ 125,000 | $ 125,000 | $ 275,000 |
| Madison, Virginia | 1 | $ 264,000 | $ 264,000 | $ 488,000 |
| Patrick, Virginia | 1 | $ 112,000 | $ 112,000 | $ 38,000 |
| Suffolk, Virginia | 1 | $ 48,000 | $ 48,000 | $ 44,000 |
| Virginia Beach, Virginia | 1 | $ 200,000 | $ 200,000 | $ 48,000 |
| Jefferson, West Virginia | 1 | $ 126,000 | $ 126,000 | $ 0 |
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co in 2008
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 305 | $106,775,000 | $350,000 | $4,500,000 | $177,000 | $1,680,000 |
| Home Purchase | 226 | $81,286,000 | $359,000 | $6,175,000 | $220,000 | $3,900,000 |
| Home Improvement | 84 | $15,612,000 | $185,000 | $1,463,000 | $171,000 | $1,732,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 327 | $114,891,000 | $351,000 | $6,175,000 | $244,000 | $2,700,000 |
| Not Provided | 98 | $30,035,000 | $306,000 | $1,834,000 | $234,000 | $3,900,000 |
| Not applicable | 97 | $35,983,000 | $370,000 | $4,500,000 | $0 | $0 |
| Asian | 39 | $9,950,000 | $255,000 | $1,000,000 | $209,000 | $700,000 |
| Hispanic | 30 | $7,962,000 | $265,000 | $700,000 | $152,000 | $766,000 |
| Black or African American | 22 | $4,417,000 | $200,000 | $670,000 | $98,000 | $275,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $200,000 | $200,000 | $200,000 | $219,000 | $219,000 |
| American Indian or Alaskan Native | 1 | $235,000 | $235,000 | $235,000 | $132,000 | $132,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 615 | $203,673,000 | $331,000 | $6,175,000 | $192,000 | $3,900,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 470 | $144,646,000 | $307,000 | $4,500,000 | $204,000 | $3,900,000 |
| Application Approved But Not Accepted | 64 | $23,814,000 | $372,000 | $1,500,000 | $184,000 | $1,080,000 |
| Application Denied By Financial Institution | 61 | $28,381,000 | $465,000 | $6,175,000 | $126,000 | $1,110,000 |
| Application Withdrawn By Applicant | 20 | $6,832,000 | $341,000 | $729,000 | $126,000 | $660,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 28 | $18,464,000 | $659,000 | $6,175,000 | $132,000 | $1,110,000 |
| Credit History | 23 | $6,916,000 | $300,000 | $900,000 | $118,000 | $665,000 |
| Collateral | 8 | $1,767,000 | $220,000 | $960,000 | $133,000 | $333,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $1,234,000 | $617,000 | $784,000 | $110,000 | $150,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Burke & Herbert Bk & Tr Co's 2008 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Burke & Herbert Bk & Tr Co's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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